Overview

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Status
Acquired by on December 4, 2002
Total Equity Funding
$51M in 1 Round from 2 Investors
Headquarters:
Jenkintown, Pennsylvania
Description:
CDNow is an online retailer of music-related goods.
Categories:
E-Commerce, Retail, Music
Website:
http://www.cdnow.com

Company Details

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Founded:
February 1, 1994
Employees:
1 in Crunchbase

CDNOW.com was an online retailer. The company was founded in February 1994 by twin brothers Jason Olim and Matthew Olim of Ambler, Pennsylvania. Initially launched as a telnet service in August 1994, CDNow became a retail website in September 1994 far earlier than most of the dot.com retailers that gained notoriety after 2000.

Funding Rounds (1) - $51M

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DateAmount / RoundValuationLead InvestorInvestors
Mar, 2000$51M / Venture2

Investors (2)

InvestorRound(s)Partner(s)
Venture (Lead)-
Venture (Lead)-

Current Team (1)

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News (7)

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DateNews
May 22, 2007Gigaom - Industry Moves: VideoEgg-EMI; Media General; EMI Music
Dec 4, 2002(dupe of CNET) - Amazon, CDNow make it official - CNET News
Mar 29, 2002CNet - Odds & Ends: BackupBuddy & Palm 4; - CNET
Jul 20, 2000CNN Money Tech - Bertelsmann buys CDNow
Mar 29, 2000ZD Net - CDNow: Is the music almost over?
Mar 14, 2000web.archive.org - VC Buzz - $507.1 Million in Today's Deals
Mar 14, 2000New York Times (NYT) - CDNow Deal With Sony and Time Warner Is Called Off

Offices/Locations (1)

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  • Office

    Strawbridge & Clothier building

    Jenkintown, Pennsylvania

    United States

Past Team (6)

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